During a Period of Renewed Inflation Fears in 1988,the Governor

Multiple Choice

During a period of renewed inflation fears in 1988,the governor of the Bank of Canada,Mr.John Crow,announced that monetary policy would henceforth be guided more by

A) exchange rate targets since depreciation of the Canadian dollar tends to be inflationary.
B) real GDP growth.
C) the goal of long-term "price stability."
D) the level of real income growth and "price stability."
E) unemployment levels and the level of prices.